UPDATE: First Industrial Realty (FR) Tops Q1 EPS by 6c, Increased 2017 FFO Guidance by $0.02

(Updated - April 25, 2017 5:18 PM EDT)

First Industrial Realty (NYSE: FR) reported Q1 EPS of $0.19, $0.06 better than the analyst estimate of $0.13. Revenue for the quarter came in at $97.38 million versus the consensus estimate of $97.31 million.

GUIDANCE:

First Industrial Realty sees FY20.17 EPS of $0.59-$0.69, versus the consensus of $0.59.

Outlook for 2017

Mr. Baccile stated, "We are increasing our FFO per share guidance range for 2017 by $0.02, largely due to our same store NOI performance in the first quarter and the impact from the lease-up at our Chicago development. Given the solid industrial real estate fundamentals, we are driving future cash flow through higher rental rates and continuing our track record of execution on our development investments."

For earnings history and earnings-related data on First Industrial Realty (FR) click here.

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